Bill · S. 4945· Senate(119-S-4945)
Home Market Restoration Act of 2026
- Introduced
- 7/13/2026
- Last activity
- 7/13/2026 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Bill Cassidy
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The Home Market Restoration Act of 2026 establishes tariff-rate quotas on several imported goods, including shrimp, honey, crawfish products, rice, and siluriformes fish fillets. It also increases duties and sets quotas for sheep, goat meat, live bovine animals, and beef. Most of these provisions set a specific quantity of goods that can enter the U.S. at a standard duty rate, with higher "above-quota" rates applied once those limits are exceeded. The bill includes specific country allocations and mandates that the President adjust dollar-based duty rates for inflation starting in October 2027.
Yes· 3 of 9
Would farmers be better off under this?+7
Directly benefits domestic farmers of rice, beef, sheep, and goats by restricting foreign competition.
Would people in rural areas be better off under this?+6
Supports rural economies by increasing the value and demand for domestic agricultural products.
Does this invest in rural communities?+4
Protects rural agricultural producers (rice, beef, honey) from cheaper foreign imports.
The opposite· 3 of 9
Does this make trade with other countries easier?-6
The bill specifically restricts international trade through quotas and increased duties.
Does this strengthen ties with allied countries?-4
Increased tariffs and quotas on imports from various countries may strain diplomatic and trade relations.
Does this favour talking over confrontation abroad?-3
Restrictive trade measures can be viewed as hostile or protectionist by trading partners.
Who it would affect, and how
Potential Positive Impacts for People
- Protection of Domestic Markets: By imposing limits on the quantity of imports for shrimp (Sec. 101), honey (Sec. 102), crawfish (Sec. 103), rice (Sec. 104), and fish (Sec. 105), the bill aims to restore the home market by limiting the volume of foreign goods that can enter at lower duty rates.
- Agricultural Safeguards: The bill provides an additional safeguard for rice imports, where duties increase to 130 percent ad valorem if imports from specific countries exceed 120 percent of their limitation (Sec. 104(e)).
- Transparency for Importers: The Commissioner of U.S. Customs and Border Protection is required to publish honey limitations (Sec. 102(b)(3)) and inflation-adjusted duty rates (Sec. 203(b)) on a public website.
Potential Negative Impacts for People
- Increased Costs for Consumers: Higher duties on imports, such as the 40 percent ad valorem rate for shrimp exceeding quotas (Sec. 101(b)) or the $11.02 per kilogram rate for sheep or goat meat exceeding quotas (Sec. 201(c)), may lead to higher prices for people buying these foods.
- High Entry Costs for Specific Products: Crawfish products face very high "in-quota" duties, ranging from 151.27 percent to 302.53 percent ad valorem (Sec. 103(b)), which may significantly increase the cost of these products.
- Strict Import Restrictions: For beef originating in countries not specifically listed (such as Argentina or Australia), the bill prohibits any quantity from entering the U.S. in excess of the limitation (Sec. 202(b)(2)(C)).
- Administrative Burden for Exporters: Honey exporters must now obtain a specific license from their country's customs authority to export to the U.S. (Sec. 102(c)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- National Security And Foreign Policy
- Improves International Trade-6Improves International Alliances-4Improves Diplomatic Engagement-3
- Demographic And Interest Groups
- Good For Farmers+7Good For Rural Residents+6Good For Business Owners+3Good For Low Income Households-3Good For Immigrants-2Good For Middle Class Households-2Good For Urban Residents-2Good For Retirees-1
- Environment Energy And Infrastructure
- Improves Rural Development+4
- Governance And Ideology
- Improves Government Transparency+2Increases Federal Power+2
- Economy And Finance
- Improves Small Business Support+3Increases Job Creation+2Reduces National Debt+1Reduces Inflation-3
- 7/13/2026
- Read twice and referred to the Committee on Finance.
- Introduced in Senate